IP Group (LON:IPO) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

IP Group Plc (LON:IPOGet Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 45.37 ($0.55) and traded as high as GBX 51.70 ($0.63). IP Group shares last traded at GBX 49.10 ($0.60), with a volume of 3,423,283 shares trading hands.

IP Group Price Performance

The stock’s 50-day moving average price is GBX 48.13 and its 200 day moving average price is GBX 45.37. The firm has a market cap of £488.53 million, a price-to-earnings ratio of -223.18 and a beta of 1.36. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 14.18.

IP Group Company Profile

(Get Free Report)

IP Group accelerates the impact of science for a better future. As the most active UK based, early-stage science investor, we develop and support some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK’s largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions.

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